Land Bridging Finance
Bridging finance can be used to buy residential, commercial or land. Companies that use bridging finance to secure a bargain plot for development vary in size. Once all the correct permissions are obtained and a plan is devised, we help obtain development finance for the land in the form of a self-build mortgage which can be used to fund the building project and pay off the bridging loan.
Purchase land without planning permission
For this example of a bridging loan, you found a plot of land for sale and want to build on the land. A bridging loan can be used to purchase the land before planning permission is obtained. You can then choose to get self-build mortgage, use your own funds to build the property or get further finance on a bridging loan.